By 
January 5th, 2021
It is a record amount.
A new estimate by Euroconsult has appraised the consolidated space economy, including both government space investments, as well as commercial space.
The total: $385 billion in 2020.
However, according to Euroconsult’s latest research product — The Space Economy Report 2020 — commercial revenues of $315 billion in 2020 were down 2% from 2019’s $319 billion evaluation, due partially to the Covid-19 pandemic affecting certain commercial markets.
Added to these commercial revenues are the $70 billion invested by government space budgets in 2020 (excluding government expenditures on commercial services, counted as commercial revenues), a 10% increase over 2019 government spending.
“There was no visible impact in 2020 on government space investments as budgets were voted before the pandemic, though the sustainability of these high government space investments post-Covid remains to be seen,” the group notes in a press statement.
Euroconsult is a global strategy consulting firm specializing in the space sector.
For more information on this report, go to:
https://digital-platform.euroconsult-ec.com/product/space-economy-report-new-edition/
Posted in Space News
